Low Carbon boosts asset management portfolio with Wirsol deal

Renewables investor Low Carbon has bolstered its portfolio of solar assets it has under management by taking on a new tranche of assets from Wirsol.

Low Carbon is to manage a further 62MW of Wirsol’s operational capacity, building on the 45MW of solar it was already managing on the developer’s behalf.

The firm will now provide health and safety assessments, financial management and reporting and tracking services to a total portfolio consisting of 19 separate sites with a combined generation capacity of 107MW.

The new deal will take Low Carbon’s total asset management portfolio to 226MW and Justin Thesiger, operations director at Low Carbon, said the company was eager to continue the growth of its “asset management footprint” through Wirsol’s and other third-party owned sites.

Andy Scullion, commercial manager at Wirsol, said the new arrangement was a “significant milestone” that pays testament to the “strong, collaborative relationship” shared by the two parties.

“We look forward to building on our operational success alongside Low Carbon, both with the current portfolio and with future projects across the UK and Ireland,” he added.